This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
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| Year | Rate 2.14% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,070 | 749 |
| 2 | 51,070 | 1,093 | 765 |
| 3 | 52,163 | 1,116 | 781 |
| 4 | 53,279 | 1,140 | 798 |
| 5 | 54,419 | 1,165 | 815 |
| 6 | 55,584 | 1,189 | 833 |
| 7 | 56,773 | 1,215 | 850 |
| 8 | 57,988 | 1,241 | 869 |
| 9 | 59,229 | 1,268 | 887 |
| 10 | 60,497 | 1,295 | 906 |
| 11 | 61,791 | 1,322 | 926 |
| 12 | 63,114 | 1,351 | 945 |
| 13 | 64,464 | 1,380 | 966 |
| 14 | 65,844 | 1,409 | 986 |
| 15 | 67,253 | 1,439 | 1,007 |
| 16 | 68,692 | 1,470 | 1,029 |
| 17 | 70,162 | 1,501 | 1,051 |
| 18 | 71,664 | 1,534 | 1,074 |
| 19 | 73,197 | 1,566 | 1,096 |
| 20 | 74,764 | 1,600 | 1,120 |
| TOTAL | $26,364 | $18,455 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
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|
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
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|
|
5.66% |
$25,000 |
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Last change: ↑0.46% on December 15, 2023. |
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|
|
5.60% |
$500 |
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Last change: ↑0.60% on April 19. |
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|
|
5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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